Begetting First-best Status for Principals


To: Honorable President Barack Obama
Cc:Honorable House Speaker John Boehner

Honorable Minority Leader Nancy Pelosi
Honorable Senators Harry Reid, Richard J. Durbin, John McCain, and Jim DeMint

Sub: Begetting first-best status for principals (citizens)

Dear President and Congressional Leaders,

The Congress is supposed to represent the collective wisdom of We the People.  But pundits have often portrayed how the Congress has pandered to the vested interests for quid-pro-pro political contributions and, as a result, caused the economic mess. 

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